Friday, May 26, 2017 12:39:30 AM
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=169792
4th page, (10) notes payable....read the last sentence in the paragraph for the conversion price...which is .001....Quite a large balance was left to go....Ubqu pays a little down in cash too as I recall...
4th page (11) shows about 200 ml shares converted at the .001 price during 2016....
The 2 t trades after hours are the "settlement" trades for the shares sold by them today....over 900k....
So each million converted sadly only pays off $1000 of the debt...crazy, but true.....
you'll notice that one of the t trade prices was lower than the lowest traded price all day...that is because the MM selling the shares for them takes out their commission/fees and deducts them out...
The noteholders are making 19x profit by selling at .02 or above....I gotta get in on this racket someday...it's like printing money....
Ttyl,
Rico
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